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SIMPLE Loans

If you need a small loan for a short period of time, you've come to the right place.   

Traditional payday lenders offer high-cost, short-term loans and make their money when borrowers who can’t repay the loans roll them over into new ones and pay additional “fees” (their version of interest.) A typical fee for a payday loan is $15 per $100 borrowed; or an annual percentage rate that’s 391%. 

The maximum interest rate for a SIMPLE loan from Great Meadow FCU is 18%APR*. If you've been a member in good standing for at least 90 days, you are eligible to apply for this loan and take advantage of hundreds, possibly thousands of dollars in savings over other short-term loan products offered elsewhere.

 

*APR=Annual Percentage Rate.

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We're here to help. Please call 518-642-8100 or toll-free 800-303-1110

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